Alteryx Inc (AYX) Sees Significant Increase in Short Interest

Alteryx Inc (NYSE:AYX) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 1,883,279 shares, an increase of 71.1% from the January 12th total of 1,100,481 shares. Based on an average daily volume of 684,116 shares, the short-interest ratio is presently 2.8 days. Currently, 8.7% of the shares of the company are sold short.

In related news, major shareholder Qualified Master Fund L. Abdiel purchased 75,000 shares of Alteryx stock in a transaction dated Tuesday, December 5th. The stock was bought at an average cost of $25.54 per share, for a total transaction of $1,915,500.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Dean Stoecker sold 20,000 shares of Alteryx stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $25.87, for a total transaction of $517,400.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 160,000 shares of company stock valued at $4,196,200.

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp purchased a new position in shares of Alteryx during the 2nd quarter worth approximately $522,000. JPMorgan Chase & Co. increased its stake in shares of Alteryx by 262.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 194,300 shares of the company’s stock worth $3,970,000 after purchasing an additional 140,700 shares in the last quarter. TIAA CREF Investment Management LLC purchased a new position in shares of Alteryx during the 2nd quarter worth approximately $477,000. Engineers Gate Manager LP purchased a new position in shares of Alteryx during the 3rd quarter worth approximately $945,000. Finally, Lord Abbett & CO. LLC increased its stake in shares of Alteryx by 64.6% during the 2nd quarter. Lord Abbett & CO. LLC now owns 330,090 shares of the company’s stock worth $6,444,000 after purchasing an additional 129,591 shares in the last quarter. 31.57% of the stock is owned by institutional investors and hedge funds.

Alteryx (AYX) opened at $33.75 on Friday. Alteryx has a 12 month low of $14.61 and a 12 month high of $35.81.

Alteryx (NYSE:AYX) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.05. Alteryx had a negative net margin of 13.30% and a negative return on equity of 8.64%. The business had revenue of $38.60 million during the quarter, compared to analysts’ expectations of $35.89 million. During the same period last year, the company posted ($0.11) EPS. The company’s revenue was up 54.6% on a year-over-year basis. sell-side analysts predict that Alteryx will post -0.41 earnings per share for the current year.

A number of equities research analysts have recently issued reports on the stock. Cowen lifted their price target on shares of Alteryx from $29.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday. Bank of America lifted their price target on shares of Alteryx from $28.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday. KeyCorp reiterated an “overweight” rating and set a $35.00 price target (up from $29.00) on shares of Alteryx in a research report on Thursday. Goldman Sachs Group downgraded shares of Alteryx from a “buy” rating to a “neutral” rating and set a $29.00 price target for the company. in a research report on Wednesday, January 31st. Finally, Zacks Investment Research upgraded shares of Alteryx from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Tuesday, January 9th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $25.80.

WARNING: “Alteryx Inc (AYX) Sees Significant Increase in Short Interest” was posted by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright laws. The correct version of this article can be read at https://stocknewstimes.com/2018/02/23/alteryx-inc-ayx-sees-significant-increase-in-short-interest.html.

About Alteryx

Alteryx, Inc is a United States-based provider of self-service data analytics software. The Company offers various products, such as Alteryx Designer, Alteryx Server and Alteryx Analytics Gallery. Alteryx Designer is a repeatable workflow for self-service data analytics. Alteryx Designer allows data analysts by combining data preparation, data blending, and analytics-predictive, statistical and spatial-using the same user interface.

Receive News & Ratings for Alteryx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alteryx and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply